The annual rate of inflation as measured by the Harmonised Index of Consumer Prices in December went up to 1%, from 0.8% registered in November 2016.

In November, the monthly inflation rate stood at - 2.2% while the growth in inflation for December was close to zero.

The largest upward impacts were mainly due to higher prices of vegetables, restaurant services, and furniture and home furnishings. The largest downward impacts mainly reflected lower prices for package holidays, garments and communication services.

At 0.9%, the 12-month moving average rate for December remained unchanged from that of November.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.